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mediated by u.s. secretary of state hillary clinton. the major point of contention is the construction of jewish settlements in israeli occupied territories. israel says it will not extend a freeze on building settlements and will resume construction later this month. but the palestinian side insists that it will walk out of the talks if construction is resumed. after the talks u.s. special envoy george mitchell said the two leaders discussed the issue frankly but that no deal has yet been reached. last-minute negotiations will continue among high-ranking officials next week as israel's settlement activities are expected to resume late this month. >>> former pakistani president pervez musharraf says he will form a new party next month in preparation for the national elections scheduled for 2013. >> i am going to declare a party and give my vision for pakistan on the 1st of october. >> musharraf became pakistan's president after taking power in a 1999 coup. he cooperated in the u.s.-led fight against terrorism launched in the wake of the september 11th terrorist attacks. musharraf came
, catherine, hello. the u.s. economy is losing steam, according to the federal reserve. citing widespread signs of a slow-down. the central bank released its latest survey of business activity on wednesday. the so-called beige book says the overall economy grew at a modest pace. but five out of the 12 federal reserve districts showed mixed conditions, or slowing. among them are new york on the east coast, chicago in the midwest, and atlanta in the south. it also said housing and commercial real estate markets were sluggish and manufacturing grew at a slower pace. the latest survey is a downgrade from the previous report in july. that report also said the pace of economic activity had slowed in some districts. >>> barack obama has announced an additional $180 billion in economic stimulus measures, including massive tax breaks in corporate investment. the announcement comes ahead of u.s. congressional elections in november. >> the truth is, progress has been painfully slow. millions of americans remain unemployed. >> in a speech in ohio on wednesday, the u.s. president proposed a special on
, he used the name pak un and it is said he identified himself as the son of the north korean ambassador to switzerland. one of his former classmates says he was polite and quick to learn the german language. kim jong-un apparently enjoyed playing basketball and dreamed of becoming a professional player. kim jong-un is said to have returned to pyongyang around 2000, and to have attended university in the north korean capital. no information has been available on his whereabouts since that time. there is speculation that kim jong-il has chosen jong-un to succeed him due to his son's leadership abilities and strong-mindedness. china's special envoy to the six-party talks, wu dawei heard that kim jong-un is tall like his grandfather, kim il-song, who established communist rule in north korea. >> the conference that begins on tuesday, the first of its kind in 44 years, is expected to elect the party's supreme leadership. more than half the members of the party's central committee are said to have died or been purged without being replaced and it is believed not to function well. t
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